Doda Stochastic is a free mt4 (Metatrader 4) indicator that provides up to 80% winning trend trading signals on any time frame.
The indicator appears in a separate MT4 chart window in the form of two colored signal lines that cross each other.
Trading idea
- Initiate a buy trade when the green Doda signal line crosses the red signal line bottom-up (bullish).
- Initiate a sell trade when the red Doda signal line crosses the green signal line bottom-up (bearish).
The Doda Stochastic indicator can be used to find trade entries and exits, or to confirm buy & sell trade setups issued by your favorite trading systems or strategies.
For scalping purposes, the indicator tends to work the best during the London and American trading sessions.
Free Download
Download the “doda-stochastic.mq4” indicator for MT4
Indicator Example Chart (EUR/USD Daily)
The example chart below displays the Doda Stochastic mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy when trading with the Doda Stochastic Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend signals
Does the indicator repaint? No.
Download Now
Download the “doda-stochastic.mq4” indicator for Metatrader 4
